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start a pension at 34 or just keep saving?

  • 23-06-2009 9:21pm
    #1
    iguana2005
    Registered Users, Registered Users 2 Posts: 226 ✭✭


    Work freelance sort of - basically never worked with a company who offered pension.
    Start my own? - bank or building society? Or just save?
    Single girl, little savings, earn 30K a year(just home from travelling) and rent..no parents to help me out...


Comments

  • #2
    broker2008
    Registered Users, Registered Users 2 Posts: 750 ✭✭✭broker2008


    Keep your options open. Start saving and at the end of the year you either have money saved towards (a) deposit for a house (b) single premium pension or (c) price of a flight to go travelling again !


  • #3
    homer911
    Registered Users, Registered Users 2 Posts: 5,150 ✭✭✭homer911


    If you are self employed you will be able to make a lump sum payment in the new year and backdate it against your 2009 taxes. Also if you are on the basic tax rate, there is talk of increasing tax relief to 30% in the next budget so would cost you less.

    I think you should wait until after the budget at the end of the year before making a decision, unless you think there is considerable upside to investing a lump sum in a pension right now


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